SpaceX is set to acquire Cursor, a startup that competes with Anthropic, for $60 billion
SpaceX to Acquire Cursor for $60 Billion / Photo: Sundry Photography / Shutterstock
Elon Musk’s SpaceX announced on Tuesday, June 16, that it would acquire Anysphere—the software development company behind the popular AI code-writing assistant Cursor—for $60 billion. This is stated in documents filed with the Securities and Exchange Commission. Anysphere Inc. is also referred to simply as Cursor in these documents.
The deal will strengthen the aerospace giant's position in the corporate artificial intelligence market, according to Reuters.
SpaceX said it expects to close the merger in the third quarter of 2026.
SpaceX shares rose 10% in premarket trading on June 16.
News of SpaceX's plans to acquire Cursor broke on April 22, but Musk's space company has put the deal on hold due to its initial public offering, according to Bloomberg.
What will this mean for companies?
Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that have attracted developers by using artificial intelligence to automate code writing—a business area where AI companies have found early commercial applications, Reuters notes.
The deal could give xAI—the maker of the Grok chatbot, with which SpaceX partnered in February—a stronger foothold in the AI coding market, where the company has so far lagged behind its competitors. It will also provide Cursor with greater computing power for developing artificial intelligence models.
The announcement of the acquisition of Anysphere came just a few days after Musk took SpaceX public. During what became a record-breaking stock market debut on the Nasdaq, the company’s market value exceeded $2 trillion, instantly making SpaceX one of the most valuable companies in the world.
This article was AI-translated and verified by a human editor
